§ 47-14-123. Prejudgment Interest
Prejudgment interest, i.e., interest as an element of, or in the nature of, damages, as permitted by the statutory and common laws of the state as of April 1, 1979, may be awarded by courts or juries in accordance with the principles of equity at any rate not in excess of a maximum effective rate […]
§ 47-14-124. Rates Fixed by Other Statutes
Where any existing statute of this state fixes a rate of interest, but does not do so in terms of a maximum effective rate, the rate so fixed shall be the maximum effective rate for obligations covered thereby.
§ 47-14-125. Compliance With Federal Consumer Credit Protection Act
Compliance with the requirements of the Consumer Credit Protection Act, being Public Law 90-321; 82 Stat. 146 et seq., commonly referred to as the federal Truth in Lending Act, shall be deemed compliance with any requirements of the statutes of Tennessee relating to the disclosure of information in connection with credit transactions. A credit transaction […]
§ 47-14-115. Usury or Excess Charges — Equitable Remedies
The chancery court has jurisdiction, concurrent with courts of law, for the abatement and recovery of usury or excess loan charges. No person shall be entitled to an equitable remedy with respect to usury or excess loan charges unless the person seeking such remedy does equity by paying, or tendering into court, the principal plus […]
§ 47-14-116. Usury or Excessive Charges — Reliance on Statute, Rule, or Order
A claim or defense based on usury or excessive loan charges, commitment fees, or brokerage commissions will not be sustained where the person against whom the claim or defense is made, in computing and making such charges, fees, or commissions, has relied on a statute, or a rule or regulation promulgated by an administrative agency, […]
§ 47-14-117. Usury or Excessive Charges — Contracts
Any contract which on its face requires the payment of usury or excess loan charges, commitment fees, or brokerage commissions shall not be enforceable; but the original lender or creditor may sue to recover the principal actually advanced, plus lawful interest, loan charges, commitment fees, and brokerage commissions. Where usury or excess loan charges, commitment […]
§ 47-14-118. Usury or Excessive Charges — Statute of Limitations
No action shall be brought on any claim for usury after three (3) years from the date of last payment of the same or foreclosure or court action, whichever ensues first. No action shall be brought on any claim for excessive loan charges, commitment fees, or brokerage commissions after three (3) years from the date […]
§ 47-14-119. Choice of Laws
In any transaction otherwise subject to this chapter which is not subject to the disclosure requirements of the federal Consumer Credit Protection Act, where the transaction bears a reasonable relationship to this state and also to another state or nation, the parties may agree in the written contract evidencing such transaction that the laws of […]
§ 47-14-120. Time-Price Differential
The charging of a time-price differential shall not be deemed to bring a transaction within any regulation of interest, loans or loan charges, commitment fees, or brokerage commissions, regardless of whether the seller disposes of the contract containing the time-price differential pursuant to a prearranged agreement, on a recourse or nonrecourse basis, or otherwise. It […]
§ 47-14-121. Interest on Judgments — Rate
Except as set forth in subsection (c), the interest rate on judgments per annum in all courts, including decrees, shall: For any judgment entered between July 1 and December 31, be equal to two percent (2%) less than the formula rate per annum published by the commissioner of financial institutions, as required by § 47-14-105, […]